'Biden's DEI rules are worse than HAMAS': Top microchip makers are postponing US expansion and inste

[Elderberry]

Dailymail.Com By Joe Hutchison 3/9/2024

'Biden's DEI rules are worse than HAMAS': Top microchip makers are postponing US expansion and instead expanding in dangerous Israel and Russia because American grants come with so many 'equity' caveats

•   Companies including Samsung and Intel are backing out of using the US as a hub to build semiconductor microchip makers

•   An opinion piece in The Hill points the finger at the diversity, equity and inclusion necessary in government subsidies as the main reason for the exodus

•   The subsidies are paid for by the CHIPS and Science Act, a $280 billion bill to fund semiconductor chip manufacturing and boost competitiveness with China

Top microchip makers are postponing their expansion into the U.S. and setting up shop in Israel and Russia due to equity caveats that are required for them to receive grants from the U.S. government.

The Biden administration promised earlier this year that they would be handing out $39 billion in grants to encourage semiconductor manufacturing in the U.S.

Shortly after the announcement however, Intel announced they would be holding off on their Columbus factory, while Samsung also delayed their facility in Texas.

Despite the billions in subsidies, two experts believe the tech companies' decision to back out of building manufacturing facilities in the U.S. stems from the diversity, equity and inclusion policy.

In an opinion piece for The Hill, CEO of Strive Asset Management Matt Cole and head of research at the company, Chris Nicholson, say the subsidies are so 'loaded with DEI that it can't move.'

The pair say that Intel has now built manufacturing plants in Poland and Israel, meaning they would rather deal with threat of Hamas rockets and Russian aggression than the government's DEI regime.

While Samsung is pivoting toward making South Korea the home of its semiconductor manufacturing plant.

More: https://www.dailymail.co.uk/news/article-13177465/joe-biden-dei-rules-expansion-israel-russia.html

[mountaineer]

Charlie Kirk
@charliekirk11
The U.S. is in danger of a destructive war with China because we depend on Taiwan for so many of our strategically crucial computer chips. Congress recently passed a bill spending billions to construct chip factories in the U.S.
But it turns out companies are scaling back their plans, because the bill is gummed up with so many DEI provisions and quotas that they don’t think it’s worth it.
DEI is the enemy to American greatness.

https://twitter.com/bonchieredstate/status/1766467529151557788

[mountaineer]

DEI killed the CHIPS Act
by Matt Cole and Chris Nicholson, opinion contributors - 03/07/24 7:00 PM ET
THE HILL

DEI — the identity-obsessed dogma that goes by “diversity, equity, and inclusion” — has now trained Google’s new AI to refuse to draw white people. What’s even more alarming is that it’s also infected the supply chain that makes the chips powering everything from AI to missiles, endangering national security.

The Biden administration recently promised it will finally loosen the purse strings on $39 billion of CHIPS Act grants to encourage semiconductor fabrication in the U.S. But less than a week later, Intel announced that it’s putting the brakes on its Columbus factory. The Taiwan Semiconductor Manufacturing Company (TSMC) has pushed back production at its second Arizona foundry. The remaining major chipmaker, Samsung, just delayed its first Texas fab.

This is not the way companies typically respond to multi-billion-dollar subsidies. So what explains chipmakers’ apparent ingratitude? In large part, frustration with DEI requirements embedded in the CHIPS Act.

Commentators have noted that CHIPS and Science Act money has been sluggish. What they haven’t noticed is that it’s because the CHIPS Act is so loaded with DEI pork that it can’t move.

The law contains 19 sections aimed at helping minority groups, including one creating a Chief Diversity Officer at the National Science Foundation, and several prioritizing scientific cooperation with what it calls “minority-serving institutions.” A section called “Opportunity and Inclusion” instructs the Department of Commerce to work with minority-owned businesses and make sure chipmakers “increase the participation of economically disadvantaged individuals in the semiconductor workforce.” ...

[rangerrebew]

DEI killed the CHIPS Act
BY MATT COLE AND CHRIS NICHOLSON, OPINION CONTRIBUTORS - 03/07/24 7:00 PM ET
 
DEI — the identity-obsessed dogma that goes by “diversity, equity, and inclusion” — has now trained Google’s new AI to refuse to draw white people. What’s even more alarming is that it’s also infected the supply chain that makes the chips powering everything from AI to missiles, endangering national security.

The Biden administration recently promised it will finally loosen the purse strings on $39 billion of CHIPS Act grants to encourage semiconductor fabrication in the U.S. But less than a week later, Intel announced that it’s putting the brakes on its Columbus factory. The Taiwan Semiconductor Manufacturing Company (TSMC) has pushed back production at its second Arizona foundry. The remaining major chipmaker, Samsung, just delayed its first Texas fab.


This is not the way companies typically respond to multi-billion-dollar subsidies. So what explains chipmakers’ apparent ingratitude? In large part, frustration with DEI requirements embedded in the CHIPS Act.

Commentators have noted that CHIPS and Science Act money has been sluggish. What they haven’t noticed is that it’s because the CHIPS Act is so loaded with DEI pork that it can’t move.

The law contains 19 sections aimed at helping minority groups, including one creating a Chief Diversity Officer at the National Science Foundation, and several prioritizing scientific cooperation with what it calls “minority-serving institutions.” A section called “Opportunity and Inclusion” instructs the Department of Commerce to work with minority-owned businesses and make sure chipmakers “increase the participation of economically disadvantaged individuals in the semiconductor workforce.”

The department interprets that as license to diversify. Its factsheet asserts that diversity is “critical to strengthening the U.S. semiconductor ecosystem,” adding, “Critically, this must include significant investments to create opportunities for Americans from historically underserved communities.”

https://thehill.com/opinion/4517470-dei-killed-the-chips-act/

[PeteS in CA]

The semiconductor industry is a bit more complex than is readily apparent.

There are companies that design and fabricate their own. I think Intel is one such, though some of their design and fabrication is done outside of the US (e.g. Israel).

There are companies that design and fabricate their own and also lease fab space to produce other companies' products. Samsung does this, the leasing being a significant part of their business.

There are companies that design ICs but their products are fabricated by other companies.

There are companies that do fabrication. TSMC is such a company.

The big picture here is that racist pretzellated gooberment regs have major semiconductor companies looking at the complicated qualification requirements and doing a hard "Nope!"

[Mod2]

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